The Indonesian Stock Exchange Authority temporarily suspended trading shares of PT Grand Kartech Tbk (KRAH) due to doubts about the company's going concerns following the Central Jakarta District Court ruling on the company's bankruptcy on June 28, 2021.

"The Exchange has decided to temporarily suspend trading of KRAH securities in all markets since the first session of securities trading on Thursday, July 1, 2021," said Head of IDX's 3rd Corporate Valuation Division Goklas Tambunan, in the Exchange's official publication today.

The Exchange asks stakeholders to always pay attention to any disclosure of information submitted by the company.